meta_pixel
Tapesearch Logo
Log in
WSJ Opinion: Potomac Watch

The CBO's Big Warning About America's Debt

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

42.7K Ratings

🗓️ 14 February 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

The Congressional Budget Office says the U.S. is set to add more than $20 trillion to the debt in the next decade, with interest payments surpassing spending on national defense. Plus, House Republicans impeach Alejandro Mayorkas, despite no prospect of Senate conviction, and the GOP loses a seat in Congress, as New Yorkers choose Tom Suozzi to replace George Santos. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Sometimes running a business can feel like cycling uphill, with square wheels.

0:08.0

But zero online accounting software can help predict the future cash flow of your business

0:15.2

So you can stay one step ahead

0:17.5

Soon it'll feel more like free-wailing downhill

0:20.1

Wooohoo!

0:21.1

On a tandem!

0:22.1

Alright mate with a masseur on the back Hill. Wohoo! On a tandem!

0:23.0

With a masseur on the back!

0:25.0

Oh, that's nice.

0:26.0

Search Zero with an X, because healthy business is beautiful business.

0:30.0

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

0:37.0

The Congressional Budget Office projects that the U.S. will add more than $20 trillion to the debt in the next decade,

0:46.0

while spending more on interest payments than national defense.

0:49.0

Plus the House impeaches Homeland Security Secretary Alejandro Mayorkas as Democrat Tom Swazi runs away with a New York

0:56.3

special election to replace George Santos.

0:58.9

Welcome, I'm Kyle Peterson with the Wall Street Journal.

1:01.8

We are joined today by my colleagues,

1:04.0

columnist Alicia Finley and Kim Strassal. The budget brains at the CBO are often

1:10.0

the bears of bad news lately and let's start with some testimony by

1:13.8

CBO director Philip Swaggle who's on Capitol Hill today giving some of his

1:18.6

short-term projection including a slowdown in economic growth. The US economy grew faster in 2023

1:25.2

than it did in 2022, even as inflation slowed.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.